Mother’s Day, celebrated on May 8 in India, is the perfect opportunity to honour the most important woman in your life with gifts that extend beyond the typical. This year, why not empower her financially? Here are five unique financial gifts that will not only make her day special but also contribute significantly to her financial independence and security.
1. Start an SIP in Her Name
Investing in a Systematic Investment Plan (SIP) is a thoughtful way to help your mother start or enhance her investment journey. If she’s in a lower tax bracket or doesn’t have taxable income, setting up a SIP in her name can be particularly beneficial. Whether it’s for starting a business, funding home renovations, or planning that dream vacation, an SIP can be tailored to fund her future goals. Once the investment matures, she can use the funds to realise her ambitions, providing both financial growth and personal satisfaction.
2. Be a Part of OneNDF Refer and Earn Program
OneNDF, a leading online loan marketplace, offers a unique opportunity to help your mother receive a memorable gift. Through our Refer and Earn program, you can refer friends or family seeking loans against property. If their loan application is approved, you could win a cash prize of up to Rs 2 lakh. This reward could be used to buy a precious gold ornament or even fund an all-expenses-paid trip to her favourite destination. Learn more about this rewarding program on our OneNDF.
3. Support Her Entrepreneurial Dreams
It’s never too late for your mother to pursue her entrepreneurial dreams. Many women have embarked on successful entrepreneurial ventures post-retirement. If she has a business idea but hesitated due to financial constraints or family responsibilities, now is the perfect time to support her. At OneNDF, we specialise in assisting MSMEs and emerging entrepreneurs across the country to secure funds at competitive rates from leading banks. Let us help her take the first step towards becoming a business owner.
4. Find a Reliable Financial Advisor
Securing a trustworthy financial advisor can make a significant difference in managing personal finances effectively. A good advisor can guide her on various financial matters including investments, retirement planning, loans, debt repayment, and estate planning. OneNDF offers consultation services where she can get tailored advice to manage her finances wisely and eliminate liabilities efficiently.
5. Open a Senior Citizens’ Savings Scheme Account
If your mother is over 60 and prefers a low-risk investment, consider the Senior Citizens’ Saving Scheme. It offers an assured return of 8.2% with a tenure of five years. The scheme allows for a minimum investment of Rs 1,000 and a maximum of Rs 30,00,000, providing quarterly interest payments. It’s a secure way to ensure she enjoys a steady income during her retirement.
